Macquarie Operational Update
Macquarie’s Operational update doesn’t have the best headlines but its OK
Jb Hi-Fi H1 Results
JB HIFI posted solid results yesterday with the share price rising 7.1%. Sales came in line with expectations. Profit was a beat thanks to margins holding up well for JB while increasing for The Good Guys (TGG). Levels are now higher than pre-covid and forecast to remain high into the future. While costs did rise…
End of Day Report – Macquarie fell on profit warning
ASX 200 slipped 11 points to close at 7606 (-0.2%) as results dominated. CSL and MQG were a little disappointing but off lows, JHX dropped 8.5% on a slightly bearish update for Q3, and SEK also suffered a sell-off as results missed expectations down 4.6%. Banks once again the rock steady beat with the Big…
Henry’s Take – WEEK 2 KICKS OFF
Week 1 all good. CAR looks ok too this morning.
CBA and CSL to dominate index this week.
Usual US Check-Ins.
Hunting for another ZIP.
Pre-Market Report
US markets closed mostly higher on Friday night, driven by big tech. The S&P 500 crossed the historic 5000 point mark gaining 0.57%, the NASDAQ gained 1.25% while the Dow finished down 55 points (-0.14%). Losses in Chevron and Walt Disney weighed on the Dow while gains in Microsoft and Intel resulted in a near…
Pre-market Podcast
The S&P 500 achieved a historic milestone, closing above 5,000 for the first time.
Nasdaq briefly reached above 16,000.
ASX SPI Unchanged. Results dominate.
End of Day Report
ASX 200 falls 30 points to 7615 (0.4%) as a CSL drug trial fails. A Phase III trial for CSL saw the stock down 4.8% with RMD off 1.4%. Industrials solid with good results from JBH lifting the retail sector, JBH up 7.1% APE up 2.2% and LOV up 4.8%. WES and supermarkets fail to…